Magnetar Financial LLC Decreases Stake in Pinterest, Inc. $PINS

Key Points

• Magnetar Financial LLC sold 70,663 shares of Pinterest, reducing its stake by 77.0% and leaving it with 21,138 shares valued at approximately $655,000.
• Several institutional investors increased their holdings in Pinterest, including NBC Securities Inc. and Golden State Wealth Management LLC, reflecting a growing institutional interest as 88.81% of the stock is now owned by these investors.
• Pinterest reported quarterly earnings with a net margin of 49.31% and revenue growth of 16.9% year-over-year, although it missed earnings per share estimates by $0.01.

Magnetar Financial LLC cut its position in Pinterest, Inc. (NYSE:PINS - Free Report) by 77.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,138 shares of the company's stock after selling 70,663 shares during the period. Magnetar Financial LLC's holdings in Pinterest were worth $655,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Bartlett & CO. Wealth Management LLC purchased a new stake in shares of Pinterest in the 1st quarter valued at approximately $25,000. Garde Capital Inc. purchased a new stake in shares of Pinterest in the 1st quarter valued at approximately $26,000. NBC Securities Inc. lifted its stake in Pinterest by 99,900.0% during the first quarter. NBC Securities Inc. now owns 1,000 shares of the company's stock worth $31,000 after purchasing an additional 999 shares during the last quarter. American National Bank & Trust purchased a new stake in Pinterest during the first quarter worth approximately $32,000. Finally, Golden State Wealth Management LLC lifted its stake in Pinterest by 665.4% during the first quarter. Golden State Wealth Management LLC now owns 1,217 shares of the company's stock worth $38,000 after purchasing an additional 1,058 shares during the last quarter. 88.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on PINS shares. Oppenheimer restated an "outperform" rating on shares of Pinterest in a research note on Friday, August 8th. Wolfe Research upgraded Pinterest from a "peer perform" rating to an "outperform" rating and set a $40.00 target price for the company in a research note on Thursday, May 15th. Cowen reaffirmed a "buy" rating on shares of Pinterest in a report on Friday, August 8th. Barclays raised their price objective on Pinterest from $38.00 to $40.00 and gave the stock an "equal weight" rating in a report on Friday, August 8th. Finally, Citigroup reaffirmed a "buy" rating and set a $50.00 price objective (up previously from $44.00) on shares of Pinterest in a report on Friday, August 8th. Twenty-five investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $42.40.

Insider Transactions at Pinterest

In related news, Director Benjamin Silbermann sold 102,083 shares of the stock in a transaction dated Wednesday, July 23rd. The shares were sold at an average price of $37.95, for a total transaction of $3,874,049.85. Following the completion of the transaction, the director directly owned 8,414 shares of the company's stock, valued at $319,311.30. This represents a 92.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders have sold 1,088,005 shares of company stock worth $39,009,156 over the last three months. Corporate insiders own 7.06% of the company's stock.

Pinterest Price Performance

Shares of PINS stock traded up $0.77 during midday trading on Friday, hitting $37.89. The company had a trading volume of 8,399,867 shares, compared to its average volume of 9,248,710. The company's 50 day simple moving average is $36.66 and its 200 day simple moving average is $33.19. Pinterest, Inc. has a 52-week low of $23.68 and a 52-week high of $40.90. The stock has a market cap of $25.77 billion, a price-to-earnings ratio of 13.58, a PEG ratio of 1.55 and a beta of 0.77.

Pinterest (NYSE:PINS - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $0.33 earnings per share for the quarter, missing the consensus estimate of $0.34 by ($0.01). Pinterest had a net margin of 49.31% and a return on equity of 8.44%. The company had revenue of $998.23 million during the quarter, compared to analysts' expectations of $973.42 million. During the same quarter last year, the business posted $0.29 earnings per share. The company's revenue for the quarter was up 16.9% compared to the same quarter last year. Pinterest has set its Q3 2025 guidance at EPS. Analysts anticipate that Pinterest, Inc. will post 0.6 EPS for the current year.

Pinterest Company Profile

Pinterest, Inc operates as a visual search and discovery platform in the United States and internationally. Its platform allows people to find ideas, such as recipes, home and style inspiration, and others; and to search, save, and shop the ideas. The company was formerly known as Cold Brew Labs Inc and changed its name to Pinterest, Inc in April 2012.